Globant (GLOB) Q4 Earnings Surpass Estimates

Company Performance - Globant reported quarterly earnings of $1.75 per share, exceeding the Zacks Consensus Estimate of$1.74 per share, and up from $1.62 per share a year ago, representing an earnings surprise of 0.57$642.48 million for the quarter ended December 2024, which missed the Zacks Consensus Estimate by 0.36%, compared to $580.71 million in the same quarter last year [2] - Over the last four quarters, Globant has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is$1.66 on revenues of $638.65 million, and for the current fiscal year, it is$7.34 on revenues of $2.74 billion [7] - The estimate revisions trend for Globant is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Internet - Software and Services industry, to which Globant belongs, is currently ranked in the top 18% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]